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Coronavirus Offers a Good Reminder to Be Prepared with Your Estate Planning

Life can take unexpected turns, which is why it is essential to be proactive in preparing for anything that might happen in the future. We all hope to live a long, healthy life – but death is part of living. Being prepared with a good estate plan is essential so you can enjoy your years in peace.

Preparing Your Estate

Are you legally prepared for the worst? Healthcare workers and government officials are working tirelessly to contain the COVID-19 outbreak, but millions of people are affected due to the economic side-effects of this pandemic. At the same time, the risk of complications is highest for people over the age of 65, which has many people questioning whether their estate planning is in order.

The Coronavirus pandemic is a problem that can’t be pushed aside. The fast transmission and serious complications of the disease have shown that not only are the hospitals and healthcare facilities underprepared, but many individuals and families don’t have their affairs in order.

Just because you don’t have your legal affairs in order doesn’t mean that you must wait for the pandemic to end. Many people across the country are under “Stay at Home” orders, giving us more time to work on projects that have fallen to the backburner. Estate planning is a great way to be using your extra time.

Prepare for Coronavirus with Estate Planning

Regardless of your age, if you want to be prepared for a potentially life-threatening sickness, you need to be sure that you have a good estate plan in place. This process should include the creation of your last will and testament – or a review and update of the document if you already have one in place.

Additionally, a Revocable Living Trust and Power of Attorney can be helpful if you were to get sick. For example, establishing a power of attorney is an effective way to share your wishes about healthcare and estate needs should you become unable to communicate these details due to illness.

If you need assistance with estate planning or other legal services, then Miles & Hatcher, LLP is here to help. We invite you to reach out for a free consultation, which can be held over the phone or through video conferencing: (909) 481-4080.

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